Beyond Financial News

The Reserve Bank of India left the inflation aim unchanged at 5.4%. In the August policy, the RBI had raised its FY24 inflation forecast to 5.4% from 5.1%. The Reserve Bank of India's (RBI) Monetary Policy Committee unanimously decided to keep the repo rate- key lending rate- unchanged at 6.5% for the fifth time in a row.

SK Ghosh, Group Chief Economic Advisor, SBI, says “if you look into the data of the US consumer spending and other data, labour markets are saying house prices are now declining in the US. Taking all these factors into account, I believe that possibly the slowdown in the global economy, specifically the US, at a rate which is larger than anticipated by the market would be the possible source of outside risk for the Indian economy.” What is your view on what is happening to the yield rates globally? 10-year yields are coming down from 5% plus to 4.2-4.3% thereabouts. What is the normalised level world should make do with? Do you think 4.2%, 4.3% is the new normal or is it headed lower? As we have said in our report recently, the outlook on the global economy so far is that the US could be spared a major recession and the growth has been very strong. But beyond these headline growth numbers, the US’ real economy numbers do not look so inspiring at this point of time. The payroll numbers have been revised downwards by eight times in nine months. There have also been some recession indicators showing that the US could be possibly on the verge of a significant slowdown. The only thing which is keeping the US economy headline growth strong is currently the excess savings of $1 trillion the US consumers have built up over the years.

Omkar Shetty, Pune, Maharashtra In the realm of investments, diversification is a key mantra, and venturing beyond the familiar shores of the Indian stock market can open up a world of possibilities. Indian international mutual funds, particularly those with a focus on the S&P 500, offer an enticing avenue for Indian investors to tap into the dynamic and growth-oriented US equity market. The US stock market has consistently outperformed its Indian counterpart over the long term.

Tata Group is gearing up to construct one of India's largest iPhone assembly plants, aligning with Apple Inc.'s strategy to expand its manufacturing footprint in the country, as per a Bloomberg report. The conglomerate plans to build the factory in Hosur, located in the southern state of Tamil Nadu, sources told the publication. The facility is anticipated to accommodate around 20 assembly lines and aims to employ around 50,000 workers within the next two years.

Buy or sell stocks for today: On account of retreat in the US stock market and weakness in global market sentiments, Indian stock market snapped its seven days winning streak on Thursday. Nifty 50 index ended 36 points lower at 20,901 levels, BSE Sensex lost 132 points and closed at 69,521 mark whereas Bank Nifty finished marginally higher at 46,841 levels. However, broad market indices continued to climb new peak on yet another session.

Binance chief Changpeng Zhao has to remain in the continental United States ahead of his sentencing for violating U.S. anti-money laundering laws, U.S. District Judge Richard Jones said on Thursday.

Life Insurance Corp (LIC) is stepping up activity in a space where banks are wary of a hawkeyed regulator and higher capital needs, with the country's biggest institutional investor in tradable securities recently buying debt issued by highly rated non-banking financial companies and corporates, including Reliance Industries. LIC subscribed to a lion's share of Reliance's ₹20,000-crore bond sale last month, while also taking up a major portion of a bond sale earlier this week by Tata Capital Financial Services (TCFSL), a subsidiary of Tata Capital, sources aware of the developments told ET. LIC had bought ₹13,000 crore of RIL's bonds, the sources said. The insurance sector giant is also said to have deployed funds in a September bond sale by another highly-rated NBFC — L&T Finance, the sources said. An email sent to LIC did not receive a response by the time of publication.

Levi Strauss & Co. says that its CEO will step down in January and hand over the reins of the jeans maker to his appointed successor

California is facing a $68 billion budget deficit

By Marc Jones

consumer insights research company lies ingathering, analyzing, and interpreting data to decode consumer behavior. They have expertise in deploying a variety of methodologies from traditional methods like surveys and focus groups to advanced tech-enabled (AI, ML) research methods to deduce insights. Social media listening, sentiment analysis, and big data analytics allow research companies to tap into the vast amounts of information available online, providing a more nuanced understanding of consumer sentiments.

NTPC plans to add 11.2GW of thermal power capacity beyond FY26. This is in addition to the 10GW under construction which is set for commissioning by FY26. It also aims to boost its renewable energy capacity to 20GW by FY26 and 60GW by FY32 against the current 3GW.

gaming consoles that not only cater to budget constraints but also offer a diverse array of games to choose from. These consoles, often overlooked in the shadow of their high-end counterparts, pack a punch when it comes to delivering engaging and entertaining gaming experiences. From retro classics to modern indie gems, these consoles bring a plethora of gaming options within reach.

Tata Power jumped nearly 10% to the day’s high of Rs 322.25 on the NSE on Thursday following an upgrade by brokerage firm JM Financial. The rally ensured that the company’s market cap crossed the Rs 1 lakh crore mark, thus making it the sixth firm from the Tata stable to achieve the coveted milestone.

life insurance plan stands as a beacon of hope, providing financial security and peace of mind to individuals and their families. According to the Indian Council of Medical Research-National Cancer Registry Programme (ICMR-NCRP) in March 2023, the number of cancer cases in the country is projected to increase from 14.6 lakh in 2022 to 15.7 lakh in 2025. This revelation underscores the growing prevalence of a disease that brings not just physical challenges but immense emotional and financial burdens.

gaming chair extends beyond mere aesthetics. Hours spent in front of screens demand ergonomic support to stave off fatigue and ensure optimal focus during intense gaming sessions. The winter of 2023 brings forth a plethora of gaming chair options, each vying for the coveted title of the best companion for virtual conquests.

cisce.org. Last year, the date sheet was announced on 1 December while the ICSE Class 10 exams were held from 27 February-29 March while the ISC Class 12 were conducted from 13 February-31 March.

India's sugar shortage. Mint could not independently verify the development.

Investing in small-cap mutual funds offers an opportunity to participate in the growth potential of promising companies. Nevertheless, investors must acknowledge the accompanying higher levels of risk. Large investors frequently underestimate small-cap companies, presenting an opportunity to discover undervalued gems that boast substantial growth potential.

Nifty50 clocking 4% gains in just four trading sessions of the month. This 4% rally follows over 5% gains registered by benchmark indices in November, backed by strong institutional inflows.